Best Corp. USA has an inventory conversion period of 50 days, an average collection period...
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Finance
Best Corp. USA has an inventory conversion period of 50 days, an average collection period (DSO) of 35 days, and a payable deferral period of 25 days. Assume that cost of goods sold is 80% of sales.
1. What is the cash conversion cycle on days? 2. If annual sales are $4,380,000 and all sales are on credit, what is the company's investment in accounts receivable? 3. How many times per year does Best Corp. USA turn over its inventory
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